Anson Resources: Confirms Colorado River water is suitable for DLE extraction at Paradox

Anson Resources Confirms Colorado River water is suitable for DLE extraction at Paradox

• Anson Resources (ASN) confirms that water from the Colorado River is suitable for a direct lithium extraction (DLE) process in its Paradox lithium project in Utah
• The company says testwork shows the river contains fresh water with low levels of salt that only require minor reverse osmosis to remove
• CEO Bruce Richardson says this negates the need to access underground water or transport water to the project from remote locations
• More than 80 per cent of the water used in the extraction and purification process will be recycled, with further studies underway to increase water sustainability
• Anson (ASN) shares are down 2.63 per cent and trading at 18.5 cents at 2:45 pm AEDT